Ferromolybdenum is a ferro-alloy consisting of approximately 60-70% molybdenum. Ferromolybdenum is used in the manufacture of stainless and certain other steels and highly sophisticated, heat-resistant nonferrous superalloys and has applications in the steel, oil, industrial machinery, chemical, defense, electrical and electronic industries.
Ferromolybdenum contains a unique combination of properties, including resistance to extreme temperatures and corrosion, light weight, thermal and electrical conductivity, incompressibility, low thermal expansion, bondability and strength.
World molybdenum consumption has grown strongly for the period between 2000 and 2008 with an annual average growth rate of more than 5%, and exceed 214kt; it's estimated to have declined by approximately 7.5% in 2009.
In February 2010 LME has launched Ferromolybdenum trading.
